CMI Limited Appoints Kumar Pramod & Associates as Statutory Auditors for FY26, FY27, and FY28
CMI Limited appointed M/s. Kumar Pramod & Associates as statutory auditors for FY26, FY27, and FY28, following CIRP under the Insolvency and Bankruptcy Code. The decision, made by the Resolution Professional, is based on confirmation received on 16 May 2026. The firm, established in 1992, brings experience in audit, taxation and insolvency.
The appointment of a new auditor is a significant governance update, especially considering the ongoing CIRP. It ensures continued financial oversight.
The announcement is a procedural update regarding the appointment of auditors following the commencement of CIRP.
CMI Limited has announced the appointment of M/s. Kumar Pramod & Associates, Chartered Accountants, as the statutory auditors for auditing the company's books for the financial years ending 31 March 2026, 31 March 2027, and 31 March 2028. This decision was made by the Resolution Professional on behalf of the Board of Directors, with power suspended, based on confirmation received on 16 May 2026. The appointment follows the admission of an application by Canara Bank under Section 7 of the Insolvency and Bankruptcy Code, 2016, leading to the appointment of a Resolution Professional to conduct the Corporate Insolvency Resolution Process (CIRP) of the company. M/s Kumar Pramod & Associates is a peer-reviewed firm established in 1992 with experience in audit, taxation, GST, forensic audit, insolvency, and secretarial compliances, having worked with PSUs, government bodies, and nationalized banks.
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CMI Limited filed this with the NSE as a statutory disclosure, categorised under auditor changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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